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Why Rent To Own?
Rent to Own gives people the ability to eventually
purchase a home of their own. There are obstacles that
sometimes prevent people from becoming a homeowner. We,
at Honest Houses recognize that and assist you
in overcoming those obstacles.
Typically, when you buy a home, you need a very
strong credit history to achieve "no money down." Even
then, you would have to pay closing costs. If you have
an above average or lower credit history, you would need
to put 10% - 20% down (plus closing costs) to purchase
your home.
What is Rent To Own?
With rent to own, you can have an "average" credit
history and only a low, down payment
(called an option payment). This would go toward the
purchase price of the home when you are ready to buy.
We now have the capability to accept a credit card
for your option payment!
We also offer rent credits that go
toward the purchase price as well. This means, that
part of your payment each month would go toward
the purchase price of the home when you are
ready to buy.
Whatever your situation might be, we will
work with you to help you achieve home
ownership. We welcome you to view our selection of
Property for Sale to find the
home that is right for you.
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Six Reasons Why Rent To
Own Works For You
Rent Credits: Each month
a portion of your rent could
get credited toward the possible
purchase of your home, allowing
you to build equity in your home
faster than with a traditional
mortgage - no more wasting all
of your rent money.
Improving Your Property:
Because you may own this
property soon, any improvements
you do that increase the value
of the property may help you
build more equity for yourself.
No banks to deal with -
no more bank hassles!
Own Your Own Home: You
enjoy the benefits of owning
your home before you
technically ever buy it!
Flexibility: You have
total flexibility: You have the
option to buy your home,
not the obligation.
Your Credit: You are
creating a strong credit
reference while you are renting
to own! |
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What is the Process ?
Our process is simple, fair and HONEST.
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You Complete the application.
Your credit report is requested and reviewed.
Application reviewed for accuracy;
employment, income, credit report, etc.
Program Overview Discussion -
monthly payment, down payment, discussion of your
goals, financial situation
Verification: income verification,
employment
Plan Formation: We agree on a plan to fix
your credit in order to get your family financed
within 1-3 years.
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